COW-CALF PRODUCERS' PERCEIVED PROFIT MAXIMIZATION OBJECTIVE: A LOGIT ANALYSIS

Katherine D. Young and C. Shumway

Southern Journal of Agricultural Economics, 1991, vol. 23, issue 01, 8

Abstract: A logistic regression (logit) model was developed to examine how socioeconomic characteristics of cow-calf producers influenced their perceptions of themselves as profit maximizers. Amount of pasture acreage, percent of income earned from the cow-calf operation, and desire to increase net worth and efficiently use labor significantly increased the producer's probability of claiming to be in the business primarily to maximize profits. Some sociological reasons for owning cattle significantly reduced the probability of the producer claiming to be a profit maximizer while others significantly increased the probability.

Keywords: Livestock; Production/Industries (search for similar items in EconPapers)
Date: 1991
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Citations: View citations in EconPapers (3)

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Journal Article: Cow-Calf Producers' Perceived Profit Maximization Objective: A Logit Analysis (1991)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:sojoae:30294

DOI: 10.22004/ag.econ.30294

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